Texel Industries Ltd — Important, 10-04-2026: Company Update

Texel Industries' Finance and Investment Committee has approved the conversion of 1.96 lakh warrants into an equal number of equity shares. These shares were allotted to promoter Bhupendra Ramniklal Mehta at ₹38.25 each, upon receiving ₹56.25 lakh (0.56 Cr) for the balance consideration. This conversion increases the company's paid-up equity share capital from ₹13.37 Cr to ₹13.57 Cr. The promoter's stake now stands at 3.18%, up from 1.76%. This action strengthens the company's capital base.